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. i'm in for -- i mean tax fraud. he wants to use the sodomy laws as a loophole to prosecute someone who had sex with a minor. while sodomy is technically illegal under virginia law sex with a 15-year-old is fine. it's a complicated -- >> kuchinelli's nickname is the kuch. i'll pause for a minute while you make an inappropriate joke. >> jon: oh, i'm going make a vagina joke. grow up, lady. what is next? [cheers and applause] [laughter] kansas arkansas and north dakota. that's a red state try fecta. >> arkansas now has the toughest anti-abortion law in the country on the books banning abortions afterel 12th week. >> north dakota ban as abortions as early as four weeks. >> kansas concluded that life begins at fertilization. >> jon: kentucky says life begins when a man and woman's hands accidentally touch when reaching for the fries at the denny's. i just wanted to sell it. the states are saying you have to have the baby making sex and you have to have the resulting baby. any state laws that might cover what to do with them afterwards? [cheers and applause] let's head out to the volunte
would have to pay a fine and back taxes, learn english, and pass a criminal background check among other hurdles. rubio says that system would be triggered only if certain border security benchmarks are met. >> that means securing the border, universal e-verify and the universal entry-exit tracking system. if those three things are not in place that green card process won't begin even if the ten years has elapsed. >> ifill: but some republicans were skeptical including alabama senator jeff sessions. >> no, i'm not convinced. i know senator rubio's heart is exactly right. i really respect the work of the gang of eight. but they have produced a legislation that will give amnesty now, legalize everyone that is here effectively today and then there's a promise of enforcement in the future. >> ifill: white house press secretary jay carney said today the administration believes it's possible to satisfy concerns on both sides. >> these are compatible ideas enhancing border security, allowing for a clear path to citizenship that requires a number of very specific steps. so the president is very
the internet. and that's sort of a characteristic of a lot of the al-qaeda tax, where they really shoot for media amplification of these kinds of things. >> i guess what i'm asking, i know it's a difficult question, as probably unanswerable at this point. is it possible, in your judgment, from your experience, and your studies, that only one person did this? >> possible, but not so likely. >> mr. lighter, can you answer that one too? >> i'd say absolutely possible. >> absolutely possible. gentlemen, thank you very much. michael lighter, james forest, we appreciate it. and reminder to our viewers, we are monitoring the situation in boston. we'll break in with any significant break-in news throughout the program. but up next, we're going to switch gears a little bit. i say plunging gold is a good signal for the economy. just as it was in the '80s and the '90s. & there is no end of the world scenario out there. but my friend peter schiff disagrees. he's going to make his case ahead. don't forget, folks, free market capitalism always the best path to prosperity. i think that might include a
it deducted directly from their earnings through a withholding tax. david: okay. >> that would be easy way. david: come here with zero but with creative powers and eventually pay off. >> terrorist issue i think is an important one and of course we wouldn't change the rules on that. anybody coming into the united states would have to pass the same screens that they pass now as well. so, you're not going to just let someone come in here because they have $50,000 but you know, the same problems that plague us right now with people coming in for free wouldn't be any different under this system. you've got to do a good job of enforcement and you know our officials do a pretty good job of enforcement that wouldn't be solved or exacerbated by selling the slots. david: ed lazear, always thinking out of the box. great to see you, my friend. former chairman. council of economic advisors. >> thank you. david: great to see you, eds, thanks. >> thanks, david for having me. liz: this story has gotten bigger and bigger even though the markets were able to come back. first cbs, now the associated press an
: that underestimate the effect of the tax hikes? >> no doubt about it. we have been underweight a negative on the home building and consumer discretionary dough mess i canly levered sectors for a couple reasons. one we thought the market was underestimating the tax effect as you alluded to. the second piece was the market was understilting the fact that the mortgage credit channel remains impaired. you see that in bank earnings this week. all the disappointment on the banking side has come on the mortgage channel. david: why bank of america got hit so hard. >> bank of america, jpmorgan, wells fargo. in essence this is a function of freddie and fannie as well as the fha still mispricing mortgage credit risk. and, there are still being unresolved issues in the banking system about capital requirements for basal 3 and bank uncertainty. david: what about what we still have. you advise getting into bond-like stocks . what do you mean by that? >> well, in essence we've had this outperformance of the more defensive sectors but it is not so much that they're defensive. we're talking about stable cash flows, s
. >> yeah, it has, which is good because that may counteract the effects of the payroll tax high. what about gold? let's check the commodities like gold, the ten-year. down about 7%. 7 bucks to $1414. there's been a bit of a move in sort of the euro. we want to keep an eye on that. there's your currency chart here in the ten-year treasury note. we talk about home sales. you always want to watch the ten-year treasury note. the yield right now is at 1 o.66. in corporate news this morning, japan says final permission to resume flights on boeing's dreamliner, it may come as early as thursday. that's earlier than expected. yesterday, boeing's engineers began install b reinforced lithium ion batteries on all nippon airways jets. some investment banks that have been looking to sell businesses with liquid assets in order to appease regulators and bolster balance sheets. credit suisse cited the rule last summer as a reason for exploring that sale. also, a u.s. trade panel has ruled apple didn't violate a google patent to make the iphone. if it had been found guilty, the tech giant's popular devices c
caused more issues. it may be the sequester or the payroll tax, and it is always something. first quarter strong. bond yields will go way up and then -- >> no m & a. i can't break the cycle. it's not my job. 18 straight months of re numbers in europe. there are car sales down 15, 16, our car sales 15 million, okay? their housing starts and did they start any housing there? are we not -- >> we are a different place. >> what about we've had some pretty crumby data. we've had an explosion in boston. we've had cyprus and the vix is still at 14. converge extries to argue that the market's on am bi18 and it can't feel what's going on in the world right now. >> i thought it was seroquil. there is the market that just says kimberly is going to report, and i think kimberly is going to be decent and its stock's at par and then there's caterpillar they made their bed with china. china has not been able to stimulate. 25% of china's exports go to europe. there's no room in europe unless china sets up the buy program of all of the things they make in china and then destroys them in the 1930s in our cou
to pay respect to those faithful americans who filed their tax returns this week. only with a stark reminder of the enormous burden we have placed upon them with our complicated tax code. you know, it's been like a snowball going down a hill. it just gets bigger and more bloated the more cumbersome with each passing year. mr. pittenger: mr. speaker, this needs to stop. we added 4,400 changes to the tax code in the last 10 years. we can make it better. house republicans have a plan. we have a plan to reform the tax code, to make it simpler, to make it fairer, to make it responsible to the american people, put more money in their paychecks and to give more money to them to take care of their families. mr. speaker, american taxpayers deserve better, and we're going to do it. thank you. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from the great state of california sook recognition? -- seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized for one
country as a person who will. third, undocumented workers to pay taxes and contribute to the labor needs should be given a vehicle to earn a labor status. we currently have a broken immigration system and that is why the american health care physician has crafted basic principles of what comprehensive immigratiorerm ould ide ilevs still reviewing senate bill 744, i believe it captures most of the needs of immigration reform. in conclusion, the labor shortages are most pressing. act now tors must expand through pools of stock. i urge you to take a look at this and think about the frail and elderly population that we serve. parents, grandparents, aunts, uncles, and doors. those special people that if given some much to us and to our country. we owe it to them to provide the best possible care, don't we? i am here to ask you who will care for them if this critical situation is not taking care of immediately. thank you. i am happy to answer any questions. >> thank you, mr. benjamin and think you to all the witnesses. mr. smith, despite the fact haoverall undocumented immigratn has gone down,
%-from boston. the irs says boston taxpayers will be granted extensions on their tax returns. every little bit helps. that is my "2 cents more." a great night and we will see rebecca tomorrow evening. ♪ lou: lou: good evening and thank you for being with us. details tonight emerging about yesterday's horrific terrorist attack and the boston marathon. the two explosions on boils some street wounded 176 by standards. three people killed. martin richard lost his life in the explosion that also left his brother and sister critically wounded. waiting by the finish line to hug his father and to congratulate him for finishing a marathon. 29-year-old crystal campbell also killed in the attack after adding to the finish line to take a picture of a friend was completing the race. the third victim has now been identified as a graduate student from boston university, but her name has not been released pending notification of next of kin. seventeen other victims tonight remain in critical condition. some have lost limbs or arms, many have suffered severe injuries to their legs. doctors operate
taxes. this year raising taxes $600 billion. but there was never an agreement as part of the sequester or the budget control act to raise taxes so that's where we have a lawyer at. this is the problem so in the debate and i remember sitting up when the president guaranteed the american people that the sequester wouldn't hap but it is happening. it's happeningright now. it's infil all. the house has proposed a budget that eliminates the cuts on the defense department but finds other cuts in the government to replace them with. the president is saying he wants to eliminate the sequester. he apparently indicates that he does, that he wants to do that raising taxes and that is a nonstarter. under the current debt path we are increasing spending every year. the difficulty as i pointed out before our committee so many times is half of the reductions in spending and in the sequester follow in defe which lyup onixt entour rn so that is a disproportionate cut. as you talk to congress about the difficulties, i suggest that you go to 1600 pennsylvania avenue and talk to the president, the command
, alienation and how to protect ourselves going forward. don't go away. is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> we are back with our expert panel. philip mudd in washington, i want to start with you and pick up what bret stevens was talking about. there seems to be a pattern here, which is if you look at the london bombings, they seem to resemble this one in this sense. second generation, first generation immigrant but clearly almost always muslim immigrants. something goes wrong in their assimilation and that is a trigger that puts them on the path to radicalization. when you were in the cia you must have been studying these london bombers, for example. do you think this is something to make 0 of that. >> a better example in terms of wha
bags at check out. that doesn't sit well with some. >> i feel they are already getting money from taxes that they charge you. they charge you for everything in the world. and i just think it's an added cost. >> they are messy. people throw them everywhere. they do plug things up. i would like it to be cleaner for my grand kids. >> now according to san mateo county health system, californians use about 20 billion plastic grocery bags every year. that is why a growing number of communities all across the bay area are putting similar bans in place in an effort to offset all of the cleanup costs. as we bring you back here live here in san mateo county they are really trying to launch an education effort and get people used to this new bag ban. you can see they have a sign posted here at the entrance to the store. and in many case there is is a store that will hand out reusable bags for free. we are live this morning in belmont alex savidge ktvu channel 2 news. >>> time now 5:38. sal, we're just talking about you know forgetting the bags. do you bring your bags your reusable bags? it's a guy
on the internet tax bill and debate and a roll call vote on a judicial nomination. >> the museum is meant to help a visitor relive the first eight years of the 21st century. the museum explains the decision making process that i went through as president, and we hope the museum inspires people to serve. want to serve tear community or their country in some way. we really didn't want to be a school. we wanted to be a do tank. and so i don't know if there's a lesson there. i do know that laura and i decided to go in a different direction with the, you know, apart from the museum with the component of programs, from which programs would emerge. >> watch the dedication ceremony of the george w. bush presidential library and museum from southern methodist university in dallas live thursday morning at 11 a.m. eastern on c-span3, c-span radio and c-span.org. and tune in earlier for a conversation with the former first couple. >> german finance minister wolfgang schauble says he expects the european economy to begin imin 201 atth a the u.s. d developing nations. he at the council on foreign relations whe
. it lets bmw avoid painful 100% tax that india imposes on if finished cars into the country. that's latest from the fox business network, giving you the power to prosper david: well apple's stock fell to a 1-year low today as word came of delays in production of new products including the iphone 5 s and mini ipad ii. one of those reports about delays came from jeffries and company managing director peter misek. he came from apple's asian manufacturing centers. peter, joins us on the phone. peter, what do you think of the market reaction. do you think they overreacted to the your report? >> i don't think it was our report that drove it alone. our report came out yesterday and market digested it easily. i think it had a lot to do with confirmation that there was a slowdown in production. cirrus logic report worse than expected and guided down materially versus street expectations. we had industry publications out of asia talking about declines in ipad mini production of 20 to 30%. all triangulating on the same data which there is slowdown in apple's production. david: peter, you were actuall
is over, and nothing was dispelled today and friday, and that they are squeezed to higher payroll taxes. me? i come down squarely in the mechanical camp, because i have liquidated assets myself. i know the havoc that a margin clerk can wreak, because i have been there and been a part of it and perhaps because i am a recipient of a tough margin call and because i know how the raise capital on the fly, and how hedge funds gone wild exacerbated the 2008 and 2009 sell-off with endless liquidations, and i have seen the pattern before and it is similar to all of the other times and it does not mean that it should be longer, but or when the margin clerks are done, but it should sold, because you have little basis of facts. what should you do? first, if you find out no mystery and world wide weakness, take the sell-off from face value and find out who benefits? the answer is companies like general mills, boxes filled with grains that are declining in price. and general mills benefits from the commodities decline all of the way around. so if you believe that there is a worldwide slip for commodi
and cover a tax revenue shortfall. pakistan's former president will not be allowed to run for the national assembly in upcoming elections. he had been cleared to campaign for northern pakistan but now being disqualified. he has been barred from running four l fou -- in all constituencies he applied for. a new session of parliament in kenya. the arrival one in a closely- contested vote last month. we're joined from our reporter in niobe -- nairobi. >> we are just outside the parliament now. we are expecting the president to arrive very soon. he will inspect the guards and enter the parliament behind me, and he will give his speech to what is the 11th parliament here in kenya. now, in his inauguration speech he really tried to ignite the country behind him. formillion people voted him. there have been meetings between the men at the state house here to try to reconcile these different camps really, political camps, in the country and try to deal with the problems the country is facing, not only economics but in terms of food security, health issues, education. we are expecting also for him t
soup can do. campbell's. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. >>> back to "hardball." now to the big political story of the day. the senate voted down the toomey/m toomey/manchin background check amendment. 64-46. a hard breaker. four republicans voted for the measure. pat toomey who put it together with joe manchin. john mccain heroically here. mark kirk of illinois. and another moderate republican, susan collins of maine
of them. we will be right back. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com to grow or start your business tired of fees piling up introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid of prepaid problems. get chase liquid. >>> so, much more news tonight from boston and from washington on the bombing case, and on the possibly ricin-loaded envelope sent to government officials, including president obama. there was also the vote on new gun regulations today, an extraordinary vote today in the gnat and an extra extraordinary response from the president of the united states. i
incentives. tax incentives. that will attract investment and channel investment into areas where investment is required. >> is that package already on the table? >> it is. it is. we have a good tax policy for investment in infrastructure. we give tax breaks, in fact, infrastructure, lending is easier. lending is cheaper. there are tax holidays for investment in infrastructure. which is why money is going nfstructure. the point that we are making now is that if infrastructure that will make a country's economy very strong. we need roads. we need ports. we need seaports. we need more steal making. we need more mining. these are the critical areas in which investment must go. >> is corruption a big problem? >> it is a problemment but no more than in most other countries. wherever i go, i open the newspaper and i find there are charges of corruption against the government of the day. i admit that, it is a problem. but it's not as big a problem as it is made out to be. to say that everyone is corrupt is i think an outrage us charge. we are tightening our laws. we're having an ombudsman. we have
, boy. [ groans ] ♪ ♪ [ engine revs ] ♪ [ engine revs ] welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com hwelcome back.. nice to see you again! hey! i almost didn't recognize you without the suit. well, this is my weekend suit. weekend getaways just got better. well, enjoy your round! alright, thanks! save a ton on our best available rate when you book early and feel the hamptonality. do you guys ride? well... no. sometimes, yeah. yes. well, if you know anybody else who also rides, send them here -- we got great coverage. it's not like bikers love their bikes more than life itself. i doubt anyone will even notice. leading the pack in motorcycle insurance. now, that's prog
: and we'll be back in just a minute. new , where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official
of this tragedy and the heroes right after this break. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com for those nights when it's more than a bad dream, be ready. for the times you need to double-check the temperature on the thermometer, be ready. for high fever, nothing works faster or lasts longer. be ready with children's motrin. plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has 7 antioxidants to support cell health. >>> the stories of the community coming together are helping boston and the rest of us deal with this tragedy. case in point, kevin cullen gotten e-mail from his nephew servi
,000. taxes, $5800. three bedroom, two and a half bath. 1700 square feet, built in 1980. tell me more. >> yes. that's in the exciting penthouse square pens landing area just off society hill. that is a move up buyer or possibly two working professionals who plan on having a family shortly. it has a garage. fantastic master suite with a roof deck, city view, river view. a great area for joggers and bikers. there are restaurants. >> and it has a garage. that makes it very valuable in that area. now to our power house of the week. the kwint sential home. the list price 1 million $850,000. taxes just under $11,000. five bedrooms, 3.5 baths. historic property. built in 1794. >> when you think of philadelphia, this is philadelphia. pine floors. moldings. restored to perfection. 19 feet wide. fantastic garden. this is a corporate relo. a suburban person who raised their family and moving in with maybe older children. this is six fireplaces. it's exactly what philadelphia represents. >> are you seeing some bidding wars on some of the houses? >> we're seeing a tremendous amount of bidding wars primari
not pay tax. you have to pay tax. and the employer would pay the tax. a ford are did not pay because it will not be here -- foreigner does not pay because they will not be here long. but we did not have the employer pay either. if the employer hires you, you will have to pay 15 percent more. why would anyone hire american when you can hire foreigners and pay them 15% less? with high unemployment, is the sticking point for a lot of people. a lot of little things like that within our immigration system that should be tweaked and never are. >> having immigrants and america can be very valuable to our economy. >> immigrants create jobs, create businesses, pay taxes. even those that are of -- not documented, it will pay a wide range of taxes. >> your testimony was that immigration actually saved new york, stimulation of the economy. can you briefly describe how that worked? >> i cannot speak with authority on any place outside of the five boroughs of new york city. i can tell you we think we have roughly 500,000 undocumented. but they have a very low crime rate because they do not want to
. you've heard that the first quarter was tough. probably payroll tax impacted more than anything else. and small business is -- and big business for that matter is totally the flux with the obama care act and what it all means. and business is looking at part-time, that you've got to keep people under 30 hours. they don't want to employ more than 50 people. and nobody really knows how this thing is going to work. now, as far as the japanese yen, every major manufacturer in the world has made a strategic decision to produce where they sell. no manufacturer can deal with the volatility in exchange rates. and if you look at where the japanese are today compared to 10, 20 years ago, there is no comparison with let's say 80% produced in north america. so the exchange rate has been dramatically reduced as a factor in our business. and at the moment, i don't see any impact. >> okay, mike, $42. we've been friends a long time. you couldn't tell me at four bucks that that was something i should -- actually, we're not allowed to do it, anyway, but you couldn't have mentioned that back in 2008 or
to have the same enthusiasm for paying taxes for the education of its college students today than it had during the cold war. >> anybody else? back in the red shirt in the middle here. >> one of the kingpins of hollywood, more behind the seasons, was lou wasserman who seemed to helped his forces to some political efforts. what was his leanings? was he considered to be a lefty, righty, or just a pragmatist. >> the question is about lou wasserman and his political lengs. -- political leanings. richard? >> lou was seniorman was essentially a man defeated to the welfare of universal pictures. that's what he did and how he defined himself. it seems to me that wasserman was in a certain sense value neutral so long as whatever was happening worked to the benefit of his studio and his enterprise, and it was a vast enterprise by the time it was -- it reached full maturity. i don't think he was -- i don't think he was evil man. he was just a guy really tending to business in a very, very, i must say, very effective way. there's no question in my mind at least, that he was the weeding ontrip -- the
caroline ♪ good times never seemed so good ♪ ♪ so good so good we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com cheryl burke is cha-cha-ing in depend silhouette briefs for charity, to prove that with soft fabric and waistband, the best protection looks, fits, and feels just like underwear. get a free sample and try for yourself. want to save on electricity? don't use it. live like they did long ago. or just turn off the lights when you leave a room. you can conserve energy wisely. the more you know. glass on floors. daily chores. for the little mishaps you feel use neosporin to help you heal. it kills germs so you heal four days faster. neosporin. use with band-aid brand bandages. [ bells tolling ] >>> queen elizabeth, leading dignitaries from around the world
. that's next. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> politics may have taken a backseat since the tragedy in boston on monday, but congress is moving forward on guns and immigration. votes are scheduled to take place on background checks and eight other amendments to the gun safety reform bill. yesterday the senate as so-called gang of eight ruled out the immigration bill, but reply cass divisions on capitol hill remain stark. gun safety advocates are now in a disparate scramible. this morning senator joe manchin, the amendment's co-sponsor told nbc
, and it became the psychology of it all. you know, taxes are changing, payroll taxes, income taxes, sequestration. and there was a little bit of a pause. but then we saw us get out of that, and i think they're still confidence-rich -- confidence-poor -- confidence-rich and cash-poor. >> i love that phrase, and i have gave you credit of late. initially, no. military, you've had two relationships with military. one, i've never seen a company more aggressively try to hire people from the military. and the other thing is, i didn't know you did so much business with the military, and that's been tough now because of sequester. >> sure, sure. one of the things about snap-on, for years we focused on auto repair. but what we've been doing lately is rolling the snap-on brand out of the garage to critical industries where the penalty for failure is high. >> aerospace. >> aerospace, military. one of the first places we went to is military. and we built a big business there. it's been down, but aerospace is coming up. aerospace and natural resources is what double digits in the quarter for us. i was just at
talk to in the medical device field is worried about the affordable care act, the tax on medical device makers. how significant is that in your view? >> i think there's a couple ways. first of all, the fact that more patients are going to get access we think is a good thing. it's unacceptable that patients are either uninsured or underinsure. tax, yes, it has an impact. we've got to make sure it's done in a responsible and reasonable way. overall we're convinced that it's going to continue to be about innovation, about strong customer partnerships. and really when you think about now, our medical device business, particularly our orthopedics business, our size and scale, the growth opportunities here and very much so in emerging markets. so, for example, all surgery is really just about trauma surgery in emerging markets. it's not as planned. as a result what we're seeing is significantly better growth rates in some of those places. >> i love that emerging markets part of the story. because you just look at the growth numbers and you figure out what the story is. but are you going to ha
sales tax would require retailers with sales of more than a million dollars to tax its shoppers. that could generate up to $23 billion a year in revenue. bay area-based ebay does not support the bill. its ceo emailed millions of users asking them to fight it. the u.s. senate began debating the bill yesterday. >>> 5:20. coming up the as did something they haven't done in almost a year. >> plus, buster posey led a giants comeback and an unlikely source finished it. >> first as we count down to opening day here's a look at the new bay bridge. we'll be right back. ,, when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. >>> taking a check now, fine across the golden gate bridge, no metering lights, delays through the livermore valley and through dublin-pleasanton. we'll have a check of more traffic and weather together every 10 minutes here o
want to separate out for taxes, for keeping your books straight, and to prove that you are really running a business by keeping it separated. the other is there is a dirty secret around personal credit and business credit. - so using your credit card to pay your business expenses. - and a lot of companies have to do it. it's very natural that you'd want to do that. but every time you max out your credit cards over the holiday season to get inventory, you are lowering your personal credit score, and that is making it harder for you to get business credit in the future. so it is important, as soon as you can, to separate those out. - you make the point of, you need to beg and borrow. what do you mean by that? - sometimes you need to beg and borrow. everybody knows, you might need to go to your uncle or someone in your family to help you start your business. but it is important to document when you do that, so you can invite them back to thanksgiving dinner. know if they are buying a part of your company, know your plan to repay them. know if it is just debt and you are going to repa
to make sure you didn't vote. pay taxes and you have a small fine and a six-year window that means you come out of the shadows. then, it extends. after the six years, you can, if everything is good, you can go to a four-year window. after that ten years, it is all contingent on security triggers. there will be a 90% apprehension rate at the border. if it works, then you get a three-year pathway to citizenship. >> what's the political handicap in all this? to me the fascinating thing is when you look at the demographics of the country and the way they are changing -- in the 1980 president election, 90% of the people who voted for the president is white. it has fallen by 1% or 2% every year. how much of that of the electoral is driving the republicans particularly in the senate toward this and will it pass in the house? >> it is driving it totally. the only thing keeping them in the compromise is the fact this is a punitive thing. this is a 15-year plan at the longest. if you look at 1986 -- >> when bush tried this, they killed it. what is different? >> in 1986 with reform, it was 19 mon
report 7 communities are accused of using money to lobby higher taxes. fox business network diane macedo has more. >> a new report from a nonprofit group cause of action says at least 7 communities were a part of the a $373 million program to educate americans are obesity and tobacco. they violate the laws for hire taxes. the findings are part of a 19 month investigation on the center for disease control prevention communities putting prevention to work program. the report says xhients also appear to have violated cdc guidelines. congressional hearings in 2011 and follow up letters to help services address potential violations in a south carolina community where the state used program money to lobby for a city clean indoor air ordinance. the call to action says the violation was worse than disclosed. the group adds there are at least 7 other potential violations in florida georgia, california south carolina and they used tax payer money to lobby someone for smoking in workplace. and a statewide tobacco tax increase. they are asking for more investigation saying it's important to do anoth
today on a bill to let states collect sales tax on all online purchases. though ebay ceo has reportedly been recruiting users to rally against the measure. >>> and gas prices could drop another 20 cents by memorial day. it's due to falling oil prices and continued weak energy demand. good news for drivers looking to hit the road. richard? >> we will take that. thank you so much. >>> here are other stories we're keeping an eye on for you. if you're traveling by air today, allow a little more time. it's the first weekday with a 10% slash to the nation's air traffic controller work force. the furloughs went into place last night as part of the so-called sequester. delays were mostly nonexistent on sunday except for waits of up to an hour in and around new york and los angeles. but the real test begins today. the furloughs will last through september and are expected to save about $200 million. >>> the u.s. is on the offense when it comes to china and cybersecurity. "the wall street journal" reporting the obama administration is considering several aggressive options to confront china rangi
to you? >> well, i mean, so much for disgruntled tax filers irresponsible for your will attack. you know, this opens a single to all sorts of investigations. right now obviously there is a major effort not just ride on the ground in the immediate boston regional area, but now you are looking at the jets' new head, you're looking at the extent to which this was deployed from the outside. and to the extent to which there are supports or a support structure internally your that allow for this attack to take place. connell: two brothers are less to be a part of this, one that was killed and the other that is said to be 19 years old and still at large. you mentioned their background, the fact that there are originally from chechnya. they came here, we think, in 2002 and three, some are in an area. is it possible that they just acted alone? working together as brothers? is it more likely from your experience of the years that they did have some support from the outside, or read my be. >> you know, is suspect gillette to let this point, but if i had to put my chest down on a table i was a it wa
in america to make some kind of protest against the government. 15 is the day for filing taxes often a flash point that who don't like the reach of the federal government and coming up on the anniversary of bombing in city massacre and bine esterday was patriot's day anniversary of the war against the british. but aware waiting for -- we are for more information from the police in about 2 1/2 horse when they hold their first conference. bostonians are asking why this appened to their city and marathon. runners i have been talking to are so shocked that something pinnacle of their athletic achieve. a glorious day when they elebrate but on that day somebody could have come up with such a cruel scheme as to rob limbs, to kill and to maim. a comprehensive coverage of the boston marathon bombing website. bbc news you can keep up to date with the developing story as well as analysis by test bbc news journalists on the ground. with n watch videos eyewitness accounts and reaction from the f.b.i., police and, of that statement from president barack obama. s america reacts to the boston bombings go t
michael moore who said two plus two equals and then tax day and patriots day. we get it you cor pew lent carbon footprint. as least you don't have to worry about being hurt at a marathon. jedediah, good for nick christoff. he said it was stupid and a low blow and takes it back. but what causes people to tweet something -- is it kind of like ideology overcoming common sense? >> they feel the need to point the finger at something and it is usually a member of the opposition party or somebody they extend to disagree -- they tend to disagree with. this is the moment they seize to do that. it reflects on what they are as people and what they value and their inability to come together at times like this and not paw lit size a tragedy. these are the same people that will call upon me and say you politicize. no you do it. we said let's just pray for the families. jay it works -- >> it works both ways. you saw the finger-pointing from the left. there was just as predictable finger-pointing from the right. >> is there the same amount though this i don't know. >> i think there is a lot right here.
, they will have to pass a background check, paying taxes, and pay a fine. that's for six years. and they can have another background checks and pay a fine. that would allow them to work and travel and come out of the shadows. if you years s fe mchmas like an e- vefy system being operational, at that point they would be allowed to apply for permanent residency. and another background check to prove they will be able to pin employed and not the burden on society. if it passed that benchmark, after three more years, they will be allowed to become a citizen. that leaves us with a 13-year path to citizenship for the people here illegally now. it will be a little different if you were brought to the country before the age of 16. dreamers will have five-year path to citizenship. and agricultural workers who feel an important need in a lot of our industries, if they also are looking at a five-year. path to year the other big part of the plan is for security. that will put up to about $6.5 billion into a department of homeland security plan calls for more security strategy that combines personnel, the gro
on jihad is a tax. and so when i was in college, the state department of course was horribly embarrassed and center packing home without the award. on the anniversary of 9/11, last fall, the embassy when the youtube trailer that paul mentioned came out, the embassy put up a statement saying that this was an abuse of freedom of speech. this is the same kind of characterization that egypt's government itself has use for many years and the u.n., that we must not abuse freedom of speech and, therefore, we must have international lastly lost its i think there's a problem coming from that embassy as well. >> if i can just add, nina mentioned this book, "blind spot," and my coeditors was lela gilbert. one of the phenomenal explorers in this is that most journalists with of course many exceptions don't understand religion. hear on talk about persecution and not talk about christianity alone. it's just in general many have a very secular mindset, which itself is okay, but actually don't really know what goes on outside that bubble. and so there are many things they have missed, they just don't se
legislators to support a tobacco tax increase. the county stated that this was its intent in its federal application. a new analysis of state government workers shows that 75 retired executives are working for the state. this despite the governor's order to remove all but the most critical retireys from the workforce. the retireys are earning between $45 to $75 an hour even as they're drawing their pensions. >> all three major bay area airports today say flights are running smoothly, the first day of the furloughs. there are what they call random delays on the east coast, but there was no way of telling if they were relate today staffing cut backs. air traffic controllers are set to be furloughed one day every other week. a legal challenge to the furloughs brought by pilots and an airline group is working its way through the courts. >>> it will be time to close the curtains for good after tonight's movie showings at an east bay movie house. >> reporter: ken, we're live in front of the theater tonight. we have been here for a few hours. those wanting to save the dome have collected signat
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higher taxes and the cuts. beige book quotes some firms in some districts quoted higher gasoline prices and expiration of payroll tax cut and winter weather as factors constraining sales and. numerous districts reported uncertainty or weakness in certain military and defense related sectors. tracy: peter barnes, thank you very much. payroll tax, gas two things affect my wallet. adam: they're looking backwards. you have oil below $88 a barrel. tracy: i haven't felt that. adam: hopefully we'll feel it soon. tracy: we have stocks selling off, down about 19 points. the vix also known as the wall street fear index is soaring. let's head down to nicole petallides on the floor of the exchange. the vix will tell you what will happen 30 days from now, right? it is a gauge of the future. that means we're nervous about the future. >> that's exactly right. what it does it takes into account the volatility and fear in the market over the 30 days ahead for the s&p 500. that's exactly what we're seeing here today. we're seeing it at a level of 1 d. it was up over 24% earlier today. we're certainly see
the last couple of months. >> there are good articles in the papers today about how the tax receipts were better than expected so far, and the money back out for your refund, much lower than expected and that could be a dollar issue. i know family dollar flagged that, and the ceo of pvh came on "mad money" and said, it was 20 degrees too cold so we had the -- all of the stores had the wrong merchandise and they had the so-called cruisewear. it was obviously a multi-factor issue and it was not just one thing that says target was bad. walmart was not bad and a very good note. costco, and i'm -- i thought that was interesting. surrounded by costco and walmart. you know those cultures are not weather cultures. >> yeah. ubs initiates with a buy on those two and a neutral on target, but someone pointed out the sales trend on target, jim, from the past four quarters has gone from 5-3, 2-9, .4 and now they're looking flat. >> they're not a jc penney beneficiary and walmart is not very renewed in its tenacious way to take on target and underneath the dollar generals. i know people don't associate
control act agreement to raise taxes. the president did raise taxes $600 billion, there was never an agreement to raise taxes. so that's where we've got a loggerhead. this is the problem. at the end of debate i remember when the president guaranteed the american people sequester wouldn't happen. but it is happening. it's happening right now in the law. the house has proposed a budget that eliminates cuts on the defense department, besides other cuts to replace them when. the president is saying he wants to eliminate the sequester are apparently indicates he does, but he wants to do it raising taxes and that is a nonstarter. under our current day, we increase spending every year. the difficulty is that pointed out before our committee so many times is half the reductions in spending and sequester file on the defense department come which only make ucmj six of the spending in our government. that is a disproportionate cut. as you talk to congress about the disabilities, i suggest you go to 1600 pennsylvania avenue and talk to the president, commander-in-chief. i am very worried beca
up to $300,000 in annual tax revenue. neighbors in the area expressed concern about how more air traffic and noise levels would harm them but the mayor insisted that signature and the other jet companies will adhere to the curfew in place from 11:30 p.m. to 6:00 a.m. we talked to an airport official about the howl and how they will -- how they will benefit and how the airport needs the money. we'll bring that to you coming up in the next hour of "mornings on 2." janine de la vega, ktvu channel 2 news. >>> coming up next -- the senate prepares to take action on the issue over gun control. how the votes are stacking up for extended background checks. and what california dianne feinstein said on the senate floor years ago. >>> this year's host of the oscars. he's now at the center of a controversy tied to the boston marathon bombings. >>> 30s, 40s and 50s on the low. it's clear for everybody. windy for some. highs today warming up. a lot of 70s, low to mid. temperatures will continue to warm up. >>> we're getting word of delays at sfo. the airport says flights to and from o'hare int
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places in europe, it's contracting. and in the united states, we have a tax code that is not designed to incent investment, which produces jobs and gdp growth, and hopefully we'll change that soon. >> international priority shipping saw a decline in what you charge per package to ship. what does that tell you about the global economy outside of the u.s.? >> well, i think what people are doing with the price of fuel, and this goes to larry fink's remarks a few moments ago, about the prospects for mexico, as it costs more to move goods, off a the price of fuel, they make price service trade downs, so our economy shipping was growing quite nicely. we simply have to adjust capacity and got a little out of phase with that. but it's not by accident that, again, referencing what larry said a couple years ago, we bought a wonderful company in mexico, which is now a big part of the fedex portfolio, because we believe there's be a lot of near shoring and the nafta trades will be quite strong. >> yeah, i am loving this mexico story. you're investing in mexico as well, really interesting. fred, l
, the single best tax dollar spent by american tax dollar is the brainpower, the patriotism, the dedication, the service, and results that come through people whose names they never know. staffers. almost every one of you in this room could be doing something else making a whole lot of money. so many of you graduate at the top of your class, so many of you. i remember feeling so conscious. i stopped hiring rhodes scholars after chitosan and i realize how inadequate i was. [laughter] but all kidding aside think of the application we did. people who work for us and with us. so it's appropriate, it's appropriate, because there's no way this place could function without incredible staff. and you know, nancy is right, people are going to come in the room and five years from now they will say than five, who was he? and it will be a staffer who will tell them who he was. no, it will. will tell them who he was. and why this room is named after him. because what is this democracy except one big conversation, constantly rubbing up against one conversation against another. to generate some kind of con
have to pay a fine and back taxes, learn english, and pass a criminal background check among other hurdles. but before that system can even be set up certain security goals must be met, including improvements to the border fence. one member of the group, senator lindsey graham of south carolina said failing to change the nation's immigration system would be economicide ice oly waymera loses is to do nothing. and to the who bieveat we don'tl immigration in the future, you're in denial about the demographics. and to those who say this costs more to take people out of the shadows and put them a legal status where they pay taxes, you've certainly lost me. that makes no sense. >> warner: for more now we turn to illinois democrat dick durbin, the majority whip in the senate sand a member of the so-called gang of eight. welcome, senator durbin. you all have been working on this non-stop since the start of this congress. how hard was this to forge this compromise? >> this wasn't easy. you know, you have eight willful members of the u.s. senate-- four from each party-- each with a point of
bond equivalent with a better coupon than the bond itself that's tax advantage. without new products what you have is a company that's not much different in their eyes than something as pro sayic as kimberly-clark or pepsico or even mcdonald's. they're all innovators too and they're all marching around the world with new products and winning everywhere they seem to go with good balance sheet, good yield. these companies have the secret sauce which is expanding gross margins and higher earnings. and as lacking as mcdonald's might be, they are a technical marvel in their own ability to deliver, well, what i had this morning on the set on "squawk on the street." a healthy egg mcmuffin with much less cholesterol because it was made with egg whites. don't laugh! don't laugh. you have to understand what the stock market really wants right now. it wants consistent, higher earnings with a consistent increase in dividend. apple gives you only the latter, not the former. the market wants visible innovation that can move the needle. apple does not have that yet, even as it says it might, but at
different extremist groups. there is a lot of public source information about demonstrations on taxes, on, on a number of other issues that are, hot button issues for extremist groups who don't like either what the government is doing or what the government represents. >> very interesting. >> so. >> tax day/patriots day. and history of domestic terrorism. . >> invasion on cuba happened on the 17th of april in 1961, bay of pigs. and wacco, all the branch davidians, started in february, april 19th. if you are a conspiracy theorist. here is one for you. >> something everybody has to check out. no doubt about it. part b medical expenses. of your the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with t
his consumers were most worried about jobs followed by inflation, taxes and gas prices. consumers may have concerns, but a number of analysts aren't worried. >> i think walmart right now is running as well as walmart has ever run since i started watching them in 1968. they are doing a fabulous jobf bringing product at the price to the customer. >> reporter: and the stockholders are reaping the benefits. walmart sharesgained 27% over the last year, better than the s&p index and the broader s&p 500 over the same time period. for "nightly business report," i'm courtney reagan. >>> and tomorrow we turn our attention to housing and the one company to watch this earnings season. >>> so many american companies including many walmart suppliers move manufacturing out of the u.s. to plants in china, looking to save money. but things have changed. rising costs for labor, material and shipping has forced a lot of companies to consider bringing some of those jobs back home. phil lebeau has more from shanghai. >> reporter: here in shanghai, u.s. manufacturers who have set up plants here in china ar
billion tax growth. that is exactly. fiscal policy. hanson grasshoppers. that is discipline. clarity. the clarity, want to tell you the story. not jamaica, but the tiny elephant. in 1992 barbados faced an enormous financial interest, a potential financial crisis. the u.s., heavily dependent. the exports the rest of the world. in barbados dementia national monetary fund. barbados had what's cled a face to exchange is case the billion dollars. the country command the same way the value in the currency. making it cheaper and more expensive there will allow you to read just. the said, we don't think so. we don't like cutting wages. that's what a devaluation is. a deletion from one person. that is essentially. and the prime minister also said , we want to convene a discussion. we want to be able to give the private sector, the unions man the government and we want to talk about this. and over the course of the next several months there was a very heated discussion. the alternatives are laid out. the leaders said, we have a choice. we could either do with the imf says or we can cut wages.
. but not if they ground an expanding business grounding. >> it's going to be more taxes for the state. i think that's pretty critical. >> reporter: this airport runs some 80,000 oerpgs -- operations a year with about a dozen controllers. huge for the pilots who are based here. there's a flight school and a restaurant, where the owner says better to have fewer controllers than none at all. >> they will have to scale it up with the skeleton group. we're not imposing a danger to the pilots that are flying in and out of the this field. >> reporter: faa towers like this one are safe from closing until at least next year. but more than 100 others under federal contract are slated to shut in june. meanwhile, airline and pilot organizations are suing to halt the furloughs already under way. reporting live in santa rosa, debra villalon, ktvu channel 2 news. >>> five people parked outside a san jose nightclub early today may all manage to avoid being wounded when someone fired multiple rounds right into their car. this all happened around 2:00 outside the fiesta nightclub. police say an argument inside may
ag for a specific number prior to getting a blue card. you would be vetted and have to pay taxes, a fine, et. cetera. no major criminal activity. you get your blue card. then so you to work another five years dependent upon the number of dais a year. then you get a green card. the h2a program which exists only 74,000 workers this past year will cease to exist within a two-year period. it would be replaced by two visa programs. chuck spelled them out. a contract program, which replaces h2a. and an at-will portable visa program. they are both three years. there's a cap on both of 112,000 a year for the first five years. the total 300,000 plus and the secretary of agricultural in the future sets the cap. the wage rate, which is the adverse wage rate is phased out and replaced by this new methodology within soon -- i think it's a year after the effective date of passage of this bill. it's not been easy to put together. i appreciate senator grassley's comments. but i want him and others to know that we tried to figure what you were aiming at and compensate in terms of making the kinds
. and of after that some of yesterday's senate debate on a bill that would allow states to collect sales taxes from online retailers. >>> several live events to tell you about today. the senate judiciary committee hears from homeland security secretary janet napolitano about immigration policy. that's on c-span at 9:30 a.m. eastern. on c-span3 at 10 eastern, the head of the consumer financial protection bureau, richard cordray, presents the bureau's semiannual report to the senate banking committee. also on c-span3 a senate judiciary subcommittee looks into constitutional and statutory authority for drone strikes and targeted killings. that's at 4 p.m. eastern. >>> one of the problems when the judges are appointing the public defenders is then the public defender's job is reliant on their approval. and judges are judged, um, on their efficiency often; how fast do they process cases, how quickly do they get through the docket? so they're going to want a public defender that goes along and gets along, that does their bidding. and that's a real challenge. and in new orleans for a long time, the s
and the challenges they're facing in the months ahead. >> the combination of tax liens and higher revenue drove two of the country's largest airlines to post a rare profit in the first quarter. >> delta air lines, excluding charges it earned 10 cents a share on revenue of $8.5 billion. by the way, this is the first profitable first quarter in over a decade for delta. >> meanwhile, u.s. airways beat the street earning 31 cents a share on revenues of under 3.4 billion. the combination of tighter capacity and higher load factors meant they were lower in the first quarter and fuel prices also help the bottom line. executive it is for the airline expressed concerns due to the faa furloughs impacting their business in the second and third quarters. with more delays expected some on wall street are worried the sequester could warn potential airline customers not to fly. >> people get to vote their vacation dollars however they want and they see that it's a hassle to fly more than it's normally a hassle to fly and they may vote and, you know, differently and with lower gasoline price s they might get peopl
points go away and make it easy to do business with. you have to collect taxes and automate processes in a far quicker way to satisfy the needs of a modern economy but the big thing government has to do is stop spending money on things that don't matter. this matters. innovation matters don't do things that a clematis -- commodities vegas investment changes the game. liz: and the stock is up year over year but we watch this closely and oracle of the competitor up 11% so you are doing better. the closing bell rings in 70 minutes. talk about a splash, see world jumps more than 25 percent of the stock market debut. yes they launched the ipo date to doubt the negative news flow and went for a. entertainment joins us next so why was now the good time to go public?@ and as we told you the developing news this hour the boston red sox game against kansas city royals cancelled tonight. you are looking at a live shot of a very empty fenway park just a few miles away from a massive manhunt in watertown and cambridge and will remain empty tonight. no game and the bruins hockey game also canceled
jobs, but where you will see it is with higher taxes elsewhere, which will shed jobs. john: each green job cost $175,000 each per job? >> if you really want jobs, you can make an argument in a crisis to subsidize jobs in the short run. you can get many more jobs if you focused on infrastructure or hospitals or other things where you would create a lot of great benefits and more jobs. john: you dispute this using wind power to create the same amount as nuclear plants are you in need to cover the state of rhode island. >> wind turbines are much less efficient partly because they take up a lot of space. john: and they're more efficient than the solar. >> they only work about one fourth of the time. you have to build a lot of backup power. the fuel is free, so potentially we could get to a situation where we are beneficial. but we are not there yet. john: but we are spending like we are. >> a lot of people, global warming, we have to do something now. actually global warming, we have to find smart ways to make sure we can get everybody on board, not just rich, but we can find technology th
for the industry in the fourth quarter due to tax law changes and just a seasonal spike. but b of a had better than peer loan growth. commercial loan growth was up 3.4% link to quarter. that includes international where they're taking share but u.s. loan growth was up in the quarter. loan growth at b of a certainly looks better than their megacap peers, at least this quarter. >> okay. anthony, thank you for your quick analysis this morning. thank you for calling in. i'm sure we'll talk to you again soon. >>> in the meantime, coming up, we've got a high profile bust at an art gallery involved celebrity poker international money laundering and racketeering. more on that story next. and still to come, david blitzer, the chairman of the index committee for s&p dow jones when we return. but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of c
be another one of those. but you have had the payroll tax increase go into effect. you've had sequestration go into effect. you have no growth in people's incomes. that was the more disappointing numbers out of the last unemployment insurance report. and if people don't have money, they can't spend money. and finally, we're being affected in the slowdown in europe in particular and the slowdown in the emerging markets. our export growth has fallen to about zero at the moment because there isn't demand overseas for our products. so it feels like a little bit of a soft spot, but we'll see. >> how much of this is consumer confidence, do you think? >> consumer confidence definitely plays a role. but consumers right now don't have the money to spend. and if they went out and spent, they'd be borrowing money. i don't think -- i think it's a more fundamental problem in a way than consumer confidence. >> steve, my long wait yesterday trying to get up to new york, in the lounge was tim geithner waiting for the flight, as well. i asked him, we're seeing these good signs in the economy, how much of it
. they are more worried about the impact on the economy and payroll taxes january 1. connell: let's bring just jeff and from raymond james. let's follow up on what peter is reporting on and the financial markets both yesterday and today. even without what happened in boston yesterday was setting up to be a remarkable day. stocks were down. gold was selling off. there were further jitters after what happened in the afternoon, obviously. >> it reminded me very much of the hunt silver corner. when it finally, when the fever finally broke on october 7, excuse me, january 7 of 1980, you had a hard move on silver just like you did on gold on friday. they try to hold the markets together. the margin calls went out. people had to start selling their commodity positions. i do not know if they play that way here or not, but it has had a heart attack on the market and heart attack patients do not get right off the gurney and run a 100-yard. connell: if it bounces back up, is it in your view over at this point and the second part, what, if any, to the impacts of the bombing have? >> the bombings in boston
to remember we have a lot of headwinds we're dealing with from the sequester, one, to the tax increase, at the payroll tax. so, these issues we have to get through. i don't think they're major but they are headwinds. now we've got a lot of people thinking about what happened last year. down 3% in the second quarter. people wanted to buy in the market started to dip. wait a minute. this may be more significant. the fact of matter, as he have yesterday, 7% of the companies that reported earnings beat estimates. whether the estimates were poor estimate, weak estimates. the fact of the matter as long as data remains relatively, weak, not strong, muddled through the fed will be a long way as way from ending its quantitative easing. the other thing we havv to pay attention to which i think gives us a lot of upside potential is that what's happening in japan is nothing less than significant. and we need to pay attention to the yen. tracy: so let's first finish with the united states because i know you are hot on the yen. you've talked about it last time you were here. that means based on what
doing the same thing. one guy, a young guy playing a lovely alto tax, walking up the street playing over the rainbow and great jazz standards. that was the attitude. the best way to give it, boston gives -- we gave the middle thinger to those guys whoever they are. we refuse to change. >> thank you both very much for joining me. >> thanks. >> coming next, love conquers hate. a couple married shortly after running the boston marathon. ♪ constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. since aflac is helping with his expenses while he can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage, groceries, or even gas bills. kick! kick... feel it! feel it! feel it! nice work! ♪ you got it! you got it! yes! aflac's gonna help take care of his expenses. and us...we're gonna get him back in fighting shape. ♪ [ male announcer ] see what's happening behind the scenes at duckther
the same thing. one guy, a young guy playing a lovely alto tax, walking up the street playing over the rainbow and great jazz standards. that was the attitude. the best way to give it, boston gives -- we gave the middle finger to those guys whoever they are. we refuse to change. >> thank you both very much for joining me. >> thanks. >> coming next, love conquers hate. a couple married shortly after running the boston marathon. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> the horror in boston changed lives and ended lives. in the face of evil, an extraordinary story of hope and love being told by kelly johnson jon u
she brought the tax rate from 83 to 40% and dealt with the labor problem as katty said and she made enormous progress. and, by the way, everyone who blames her for the crisis in 2008, you know, in between margaret thatcher and 2008 there were three or four british prime ministers and then now david cameron. none of them reversed the system. as someone said a minute ago, everybody bought into the system and i think -- so i think her legacy is incredibly positive. the last point i would make she had the right idea about europe and why britain should fit into europe. >> she was right about britain. all these years later it cost her her job but she was right about europe. >> we will be following the funeral service under way right now throughout the morning. martin bashir, thank you. we will see you at 3:00 eastern time on msnbc. >> thank you, martin. appreciate it. >>> coming up next, the gun background check bill is on shaky ground as it heads to a vote today in the senate. will it break down its chances of passing? next. you're watching "morning joe," brewed by starbucks. at tyco int
after paying back taxes provided they have not committed a crime. they can apply if permanent resident stat news 10 years and it tines border security and makes exceptions for law-abodying immigrant whose arrived at minors and completed high school. the bill is called a "compromise." >> there are changes in the weather. that is called "job security." >> wish we could have some rain, that would help a lot families and farmers. but it will not happen. sit back. relax. enjoy the warm sunshine that is coming our way even to the coast where there will be some gorgeous sunsets the next couple of days, feel friend to send some of those to us. we would love to see them. live doppler 7 hd shows how dry the air is. we will talk about the winds. they are gusty in spots. 28 at fairfield. to 24 miles per hour at napa. sfo at 20. 17 at novato. 16 in san carlos. most of the winds are coming from the north and the northwest. this is going to be the case for the better part of today as we continue our transition from that area of low pressure and the real winds we had monday to high pressure and calmer
provisional legal status after paying fines and back taxes if they have not commit add crime. they can apply for permanent resident stat news 10 years and the measure tightens border security and makes exceptions for law-abiding imgrants who arrived at minors and completed high school and the bill is called a compromise. >> an appeals court will hear arguments over california's landmark ban on sexual orientation change efforts. the court will take up two legal challenges to the ban signed into law by governor jerry brown outlawing licensed mental health professionals from practicing gay conversion therapy to youth. opponents say this limits free speech and sued to block the law from taking affect. >> the sun is just starting to come over the hills. it will be beautiful. >> gorgeous day. a lot of sunscreen is needed. we will have an extended period warm and dry weather coming to your neighborhoods. live doppler 7 hd shows it is dry. we will talk about what will happen today. bright sunshine. a few breezy spots hanging around and it will be clear and cool the next couple of nights and no chanc
streets, when coal resources are down, when coal severance taxes are down to our local county units of government. coal is important, it has been, it is, and it always willing a -- will be a mainstay of our economy in west virginia. our quality of life, indeed our quality of life in america, our economic vitality, have long been fueled by coal. and it's something that the american people cannot turn their back upon. yet too many, i'm afraid, fail to recognize the contributions that coal has made to our past and certainly they underestimate the role that coal can and should play in our future. through decades of investment, coal has changed for the better. it is not our grandfather's coal. it is a cleaner, more efficient fuel than ever before, and with the right kind of investments and know how and the technologies that are coming online, some of which have already been talked about this afternoon, its use continues to improve and modernize. our nation must embrace an energy strategy that encompasses a broad range of fuel choices including domestic coal if we are ever to have any hop
it iwith higher taxes elsewhere, which will shed jobs. john: each green job cost $175,000 each per job? >> if you really want jobs, you can make an argument in a crisis toubsidize jobs in the short run. you can get many more jobs if you focused on infrastructe or hospitals or other things where you would create a lot of great benefits and more jobs. john: you dispute this using wind power tcreate the same amount as nuclear plants are you in need to cover the state of rhode island. >> wind turbines are much less efficient partly because they take up a lot of space. john: and they're more efficient than the solar. >> they only work aboutne fourth of the time. you have to build a lot of backup power. the fuel is free, so potentially we couldet to a stuation where we are beneficial. but we are not there yet. john: but we are spending like we are. >> a lot of people, global warming, we have to do something now. actually global warng, we have to find smart ways to make sure we can get everybody on board, not just rich, but we can find technology that will be so cheap the chinese and the indi
and new york you see. if you are late to file your taxes and you are not a dollar short. reacting to today's tragedy in boston. alicia keys. next in the buzz bin. (woman) 3 days of walking to givive a breast cancer survir a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve millions of women and men facing breast cancer every year. visit the3day.org to register or to request more information today. it was 3 days of pure joy. ♪ and it's beautiful >> hollywood also responding to the boston marathon bombings from yesterday with messageses of support. this is one from ben affleck. boston native of course. he tweeted out this messageessa saying such a senseless and and tragic day. my family and i send our love to our belove and resilient boston. mark wahlberg sent out this message. thoughts and prayers with my hometown boston today.ay. she's a grammy award winning singer ber her latest project isn't her new release. rel
of the payroll tax cut, $80 per month as significant for most families. ghost was groceries, rent, gasoline. grant of lawful status further increases the influx of illegal immigrants. further forcing out low skilled the wage the pressing and employment levels of those americans. leadsition to that, that to more americans depending on the government. that the for the federal government, due deliberation be given to the effect of that grant on the wage and employment levels of low skilled americans because the evidence before the commission is that grant of said status is not without substantial cost to the american worker. thank you. >> as of all witnesses, a full statement will remain part of the record. the president of the american action forum. good to have the year. please go ahead. >> thank you chairman. it is a privilege to be here today i submitted a written statement for the record. let me briefly make three points. the immigration reform bill before you as many aspects. there are important security considerations, economic impact, legal issues but at its core, immigration reform re
. tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. the battle of bataan, 1942. [ all ] fort benning, georgia, in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto-insurance quote. usaa. we know what it means to serve. [ shapiro ] at legalzoom, you can take care of virtually all your important legal matters in just minutes. protect your family... and launch your dreams. at legalzoom.com we put the law on your side. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restauran
american express is probably getting hit on here is what's happening with tax rates, happened in the first quarter of this year, and the other issue that's really occurring is i think businesses are still holding back on spending. significant percentage of their revenue comes from businesses. and you know, on the long-term, also, we have to be very, very aware, american express, on the long-term, is going to -- >> they're having a fire drill here at the new york stock exchange. >> it was scheduled. >> pre-scheduled, exactly. it was scheduled already. so ignore the noise here happening around me. >> okay. >> very quickly, i want to get to bruce mccain as well, michael. finish your thought. >> my thought was, you have to be careful about companies like paypal, all these other very inexpensive swaywaways to colle money, it will be a hit on american express margins, eventually. >> bruce mccain, do you want to buy on these dips we've been seeing, or is it time to start taking money off the table at these levels? >> i think you need to wait a little bit. part of it is, there's still excessively
and put them a legal status where they pay taxes, you've certainly lost me. that makes no sense. >> warner: for more now we turn to illinois democrat dick durbin, the majority whip in the senate sand a member of the so-called gang of eight. welcome, senator durbin. you all have been working on this non-stop since the start of this congress. how hard was this to forge this compromise? >> this wasn't easy. you know, you have eight willful members of the u.s. senate-- four from each party-- each with a point of view and we came together determined to put together a comprehensive immigration bill task which has eluded other senators inhe t recent past. we got it done. it's an 848 page bill. it's a good offering, athisprove a lot of different facets. >> give us a flavor of what was it was like in that room. i gather you had something like 24 meetings. >> well, there were nice kind and quiet meetings and more eruptive meetings. as i said today to john, i said mount mccain erupted a few times but fortunately no one was injured and we got back on path in a hurry. so despite the strong feelings tha
't been up front with my taxes. this would prevent d.h.s. from say sharing that information with the internal revenue service? guest: the private companies in sharing information, the biggest concern is -- individuals are concerned that their private information within the cyber networks or systems would be held by private companies but then provided to the government, that this private information would not be stripped by the companies first. in the president's executive order, the onus would be on the privacy advocates. companiesthe private to strip any private information that might be caught up within the context of cyber threat information. first one has to understand the definition of cyber threat. it is unlikely but not impossible that your private tax information, your e-mail content would be part of that information that is a cyber threat information that would be given to the government. is there a possibility that it would be lumped in with that? yes. so whose responsibility is it to minimize and get rid of your private information? the bill does not allow the gov
where you get this increase in volatility after tax time. and you see all the companies revising their earning forecast to temporary expectations. and so typically in the next month or two we'll have some external macro surprise that will get everyone concerned again. it's been a very consistent pattern that we do well in the fall and the early spring and then cool off and get more volatile. >> rick santelli, markets all waiting for these earnings reports this week. in the meantime among your markets, gold has bounced big today. the dollar is still flirting with 100 yen. what are you watching? what are the benchmarks you're keeping an eye on this week? >> well, you know what, i think the biggest benchmark that i'm going to pay attention to is the dax stock index in germany. it's down about 1.75% on the year. last week not only were eurozone car sales, registrations off, but germany was off in particular. i think keep it simple. i think as those auto numbers deteriorate, it's just going to exaggerate all the other weaker economies. and when you get the imf admitting that austerity
cliff. the sun rose the next day. yes, payroll taxes are higher. our savings rates are a bit lower, but consumers are spending at higher levels this spring than they did last spring. >> so you don't see a slowdown? >> not at all. and in our category, especially not. >> what about currency translation? you have this race to the bottom, many central banks around the world are adding liquidity. japan, very prominently is doing that right now. that's got to hurt a company like yours, trying to sell goods overseas. >> it's hurt us modestly. in constant currency, as an example, our sales are off up 1 but because of the chain of reduction in the volume, we're only up 7%. it's impacted us a few cents ton bottom line as well. but we do some hedging and we are very diversified. >> what can you tell us about japan? it seems that's all we're talking about in terms of the market activity there, huge rallies, all the stimulus from the central bank there. what are you seeing on the ground in terms of the consumer in japan right now? >> pretty much, the same that we have seen for the last several
a phenomenal house in houston, no taxes, great unemployment, we've got a great house in coronado, small but fabulous, and better unemployment, 5%. okay? but i have to tell you, how do you overlook the fact that one house is 4,400 square feet in houston and the other house is only 1,000 square feet. >> that's a huge difference. >> yeah. >> so between the english manor or the cozy cottage, the winner is? >> the english manor. >> because of the size? >> exactly, it's livability. really, a thousand square feet is tough to live in. people do it, i've done it, but it's tough. >> real estate really coming back. >> this has all been real estate porn all day. >> real estate porn, all right. we will leave it there. i don't know exactly what that means, real estate porn. do you want to explain that real quick? >> people love to watch real estate. >> they do, that i get. >> and porn. >> yeah, that's one of the most successful things on the internet right now. >> exactly. always a fabulous guest and winner, dolly lenz. >>> up next, make or break for apple. the technology giant out any minute now. we
imgrabts if they pay a $500 back taxes and get a job. they would have to wait ten years to be eligible for a green card, three more years to be eligible for citizenship. it is a pathway to citizenship. it wrangles some like ted cruz of texas. >> any bill that insists upon that jeopardizes the likelihood of passing any immigration reform bill. >> reporter: no question the pathway to citizenship will be the most contentious part of the proposal and that is why the bipartisan gang of eight works so hard in the month leading up to the release of the plan to get influential outside groups like the chamber of commerce on board. >>> air travelers bracing for more delays this morning. the judge refused to stop the furloughs of air traffic controllers.blame for severe flight delays ash the country. jill a sharyl attkisson joins us. >> reporter: the third possible delay of flight delays due to furlough of air traffic controller. the delay stretched from coast to coast. by the end of the night, l.a.x. had one of the biggest backups, nearly two hours. >> the government needs t
request is woefully late and full of gimmicks, tax increases, generally unhelpful, but we will persevere. let me begin by taking the opportunity to thank the members of the military for their service, their sacrifice that you are representing here today. as this subcommittee has done in the past, we want to reaffirm our commitment to providing our war fighters with the tools, the training, the equipment and the support necessary to carry out vital security missions throughout the world. appreciation for the members of the military and their service can't be overstated. with continued instability in the middle east and northern africa, to the evolving challenges in the asia pacific region, especially north korea, there's no question that those who serve under our flag these days are doing so during a very critical period in our history. world events often remind us that our country, our freedom, our way of life remain a constant risk and we must take measured steps to protect the values that we hold. in this volatile world, increasingly, we are facing enemies both foreign and domestic. we
and use tax laws and for other purposes. mr. reid: mr. president, i would object to any further proceedings in regard to this bill. the presiding officer: objection having been heard, the bill will be placed on the calendar. mr. reid: mr. president, today this august body will honor the memory of 20 first-grade children, little babies who were gunned down, most of them shot multiple times. we will also honor the teachers and administrators who were killed that day in newtown, connecticut. but we're also going to honor with this legislation tens of thousands of others who were killed by guns each year here in america. we're going to do that by voting on a number of measures to strengthen the laws to prevent gun violence in this nation. mr. president, the families of innocents killed in newtown, aurora, in carson city, blacksburg, in oak creek and columbine really deserve these votes. where do i stand on these democratic proposals? this afternoon the senate will vote on a compromised background check proposal crafted by senators manchin, toomey, kirk and schumer, all experienced l
. >> another developing story we are following this morning comes out of taxes or they're saying it is not clear how many people are trapped in the rubble after a fertilizer plant exploded late last night killing as many as 15 people and injuring 160 others. these are some of the latest aerial pictures that came in this morning, giving us our first glimpse of the bay light of some of the damage and destruction. it was a massive explosion. it started as a fire, the fertilizer plant fire got out of control. firefighters responded and attempted to put out that fire when the plant exploded. he saw the dramatic footage of the news group that was going there to do this to the scene to do a story on the fire. they captured the entire bank the blaze. the firefighters as though searching for survivors this morning. the mayor says some of the early responding firefighters that are right next to the building battling the blaze are still unaccounted for this morning. here is one witnesses said the explosion was so powerful, he was born across the room. >> i was exit pick up and thrown about
program activities, which covers the entire extent. every one of those had to be equally taxed. the congress imposed a more onerous, morerestrictiverra money from ppa to ppa.my ato m i have these small but not a lot oney anof them are only people. for whatever reason, they decided there needed to be more control over the national intelligence program. the effect of the fy 13 appropriations i did help as assume that it allowed us to move some money around city could move the money into the pot sorority committed to by virtue the fact we are fragments months of the fiscal year before regarded though. it would've been a disaster without it. the downside to allow start, which was good, but for most accounts with three specific exceptions, which i can't discuss here, with less money at the end of the day with the appropriations act and the impact of sequestration was doubled because we had to take and 79, said the rail cut fares about her 10%. >> the realistic impact is helpful. it provided a context to things they might be allowed to do. we have a macro issue of the sequestration,
that covers the entire extent. every one of those had to be eat late taxed. the congress imposed a more onerous, more restrict it from a comma rules that on my ability to move money from ppa to ppa. i have small pdas with not a lot of money but for whatever reason decided there needed to be more over the national intelligence program. the effect of the fy 13 of her rations that did help us in that it allowed us to move money around civic and that the money into the path we are committed to by virtue of the fact were five men in before we got a bill. sowo ba dister t it. a cab structure, did allow new start,t also frommocountschss here was what many at the endf the day and of course the of sequestration was doubled because we had to take it in seven months. iraq i was. ealistic impact. >> that is helpful because it provides more of a context of things we might be able to do. again, we have a macro issue of sequestration can watch everyone recognizes it's in packs on your programs. but i stand legislative authorization not on this committee that the intelligence that could have the skinny
. >> investigators and taxes have not determined a cause of the explosion that killed 14 people including 10 first responders and a fertilizer plant in west texas. investigators say they pinpointed where the blast originated. the mpeg damaged or destroyed dozens of homes and businesses leaving hundreds of people homeless and in need of help. authorities have also released 91 tapes that captured the initial panic after the fire and massive blast. >> there was some type of explosion and our house, all of the windows are completely blocked and. the walls, part of it is blown off. >>, down and take a deep breath. we are aware of the situation and we are sending people out there as soon as we can. >> city leaders allowed some residents to return to their homes are the weekend but they still face strict curfews. fire officials will hold a memorial service at baylor university on thursday and honor of the volunteer firefighters who died. >> the boy scouts of america are proposing to partially lift its longtime ban on homosexuals. this proposal comes after weeks of private deliberation between the organiz
that relationship is good. they could now been on ice and suffers tax. we branch or resources to the problems and i've been really pleased that their attitude towards working with us and our attitude towards working with them. >> with regard to community banks that are not subject to the cfpb examination authority, what measures have you taken to ensure that sure roles are clearly interpreted? are there potential regulators doing their exams? does the cfpb continue the small entity compliance guides as has been done twice already? on the other mortgage rules. >> thank you, mr. chairman. i've got about three different answers to that question. on the small entity compliance guides, this is something we take seriously and we been told this over and over by small institutions in the trade associations that represent them like a cba and that means taking their rules, initially mentioned 2500 pages of rules issued in january. that's 2500 pages of taxpayers a lot of that is preamble, cost-benefit analysis. what a translator for several hundred pages of rules and the sir congress direct this to do. noneth
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